Alerts

SEC Expands Eligibility for Primary Offerings on Forms S-3 and F-3

January 17, 2008

The Securities and Exchange Commission (“SEC”) on December 19, 2007, adopted amendments expanding the availability of Forms S-3 and F-3 for primary offerings. Forms S-3 and F-3 are “short form” registration statements that permit incorporation by reference to reports filed with the SEC under the Securities Exchange Act of 1934 (the “Exchange Act”). This allows for more concise disclosure, as well as automatic updating of the registration statement through forward incorporation. As a result, short-form registration statements typically are less expensive to prepare and enable quicker access to the market.